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Kraft Foods and Heinz Will Merge to Create a $28 Billion Grocery Powerhouse
Will become world’s fifth-largest food and beverage company The grocery game, already led by a handful of corporations with sprawling brand portfolios, is about to get a beefier new player. Kraft Foods and Heinz announced today they will merge to form The Kraft Heinz Company, with an estimated $28 billion in annual revenue and eight
China: Breaking News !
3 more factories to stop in China for the crop 2015 ! According to concordant local sources, Tomatoland can announce that the Xinjiang military authorities n° 7 Division) have decided to keep 3 factories of former Haohan Group closed for the coming 2015 crop. These 3 units have a combined processing capacity of 13,500
Italian firm to invest P1B in tomato paste production
Tomato paste maker NS International Inc. will put up a $25-million tomato paste plant in Batangas province by 2016 as part of an expansion program. NS International president and chief Nuccio Saverio said the expansion was needed because Philippines remained a net importer of tomato paste from China. “Given our very small production capacity, we
Heinz squeezes out higher net income in 2014
For fiscal year 2014, Heinz reported $657 million in net income, a huge increase over 2013′s around $18 million, the year the company changed hands. In the second half of 2013, after Berkshire Hathaway and 3G Capital acquired the company, Heinz saw a $77 million loss. Sales dropped 4.6% in fiscal year 2014, but the
Tomato plant virus could be making a comeback in San Joaquin Valley
The beet curly top virus caused serious damage to the San Joaquin Valley’s tomato crop in 2013. A high population of the beet leafhopper has farmers and state agriculture officials concerned. The state is applying insecticides to more than 50,000 acres to keep the leafhopper under control. A plant virus that wrecked the central San
Nigeria: NAFDAC to Recall, Halt Importation of Sub-Standard Tomato Paste
TO save millions of Nigerian consumers from health challenges that may arise from consumption of sub-standard tomato paste largely imported from China and some Asian countries, the National Agency for Food and Drug Administration, and Control (NAFDAC) has kick-started a process that would ensure such products no longer find their way into markets and homes.
California: seed business reacts to water shortages
With limited water supplies again this year, California farmers will be forced to leave fields idled in order to save water for their permanent crops. Those empty fields mean reduced sales and shifts in demand for companies that supply seed for crops such as rice, cotton and vegetables. Even for crops where demand has remained
California to cutback big on 2015 crop !
According to concurring local sources, several Californian processors have decided to reduce their production program by as much as a million short ton (900 000 MT.). From early intentions of 15 millions short tons (January 2015), the pack should be closer to 14 millions short tons or 12.7 millions MT., close to the 2014 output.
TOMATOLAND WORLD PRICE INDEX – FEBRUARY 2015
Products for the industry – crop 2014 Packed in aseptic bag in 220 l. (55 gal) drum – unless otherwise specified Origin 28/30CB 28/30HB* 36/38CB 12/14HB Diced Crushed Italy € 0.960 € 0.980 € 1.220 € 0.520 € 0.550 € 0.480 Spain € 0.890 € 0.900 € 1.140 € 0.500 € 0.480 no offer
Dangote: Now is the Time to Stop Tomato Importation
In an interview for a local newspaper in Nigeria, Ibrahim Shuaibu, the Chairman and promoter of Dangote Tomatoes Processing Company in Kano, Alhaji Sani Gote, speaks on the capacity of his company to meet local demand, stressing the need to stop importation of substandard products What is the idea behind the construction a tomatoes processing
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